Second Generation Operator Divests SNF Portfolio to PE Firm
A Northeast-based private equity firm engaged Daniel Morris of Plains Commercial Real Estate in its plan to enter a new state. The firm has an existing skilled nursing footprint, and had specific acquisition criteria, which narrowed the focus down to a few potential targets. The company ultimately acquired a five-facility, 506-bed skilled nursing portfolio in Oklahoma. It was owned by a second generation skilled nursing operator that had been planning a retirement over the next couple of years. After a couple of initial discussions, the parties came to an agreement with a price that met the seller’s exit requirements, resulting in the sale. Read More »
CIBC Springs Ahead with Deal Flow
CIBC has been hard at work this Spring, successfully closing several acquisition financings for senior care clients across the country. The largest was a $51.5 million term loan that supported the purchase of four skilled nursing facilities in Illinois totaling 586 beds. Historical performance trended positively over the last two years across the portfolio, and going forward, occupancy is expected to be in the high-70% range, with continued improvement in operating margins. The borrower received the term loan plus a $2.5 million capital expenditure non-revolving line of credit and an $8 million working capital revolving line of credit. Dan Forrer handled the transaction for CIBC Bank USA.... Read More »
Regional Owner/Operator Enters New State
A regional owner/operator looking to enter the state of Indiana acquired Smith Farms Manor, an independent living community in Auburn, about 30 miles south of the Michigan border. Built in 1998, the community features 51 units and is well maintained. It sits on an attractive four-acre campus down the street from Parkview DeKalb Hospital and off of Interstate 69. However, there is room for improvement, as occupancy was 53% and the community was losing money on around $1.9 million of revenues. Its Missouri-based regional owner/operator had acquired the asset as part of a portfolio purchase and was divesting due to it not being a good long-term fit for the company. Jeff Binder, Ryan Saul,... Read More »
Skilled Nursing Portfolio Gets New Operator
Evans Senior Investments secured a new lease for a skilled nursing portfolio in Tennessee on behalf of an institutional owner. The portfolio features four assets and was operating below 70% occupancy with margins under 10%. Despite that performance, ESI secured a lease $3 million above in-place cash flow, reflecting the operational upside that was unrealized by the prior operator. The new operating tenant is entering the state through the transaction. Read More »
Seniors Housing and Care M&A Remains Elevated in Q1:26
The number of publicly announced seniors housing and care acquisitions in the first quarter of 2026 reached 231 deals, based on new acquisition data from LevinPro LTC. This represents a 19.8% decrease from the 288 transactions disclosed in the fourth quarter of 2025, but a 25.5% increase from the 184 deals in Q1:25. “It was always going to be difficult to top Q4:25, which set records for the highest number of publicly announced transactions in both a single quarter and a month, as well as price volume in a single day,” stated Ben Swett, Managing Editor of The SeniorCare Investor. “However, investor sentiment remains strong, operations are... Read More »Schedule a demo
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